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BDO Knows Healthcare Alert - August 2014

August 2014

The California Office of Statewide Health Planning and Development recently issued a Policy
Intent Notice for the Senate Bill (SB) 90 Financial Capacity Reports. SB 90 provided an extension
of up to seven years where hospital owners submitted a letter of intent stating whether they
plan to rebuild, replace, retrofit or remove all acute-care beds and services from Structural
Performance Category-1 (SPC-1) buildings, which “pose a significant risk of collapse and a
danger to the public after a strong earthquake.” Hospital owners that requested an extension
must submit financial capacity reports by January 1, 2015 reflecting the facility owner’s financial
capacity to move forward with construction plans for SPC-1 buildings to ensure seismic safety
compliance.